Eurusd/gbpusd - page 2119

 

Directionless market continues for EURUSD. There will be no significant change before the new year

Files:
eurusd_2.png  117 kb
 

In a 30 pip range it is impossible to trade

Happy holidays guys - I am out of trading

 
searchingFX:
This is slow short positions collecting. And then when they have enough, then the sudden drop will happen

You're right, EUR/USD reached the resistance at 1.0990 - 1.1000, failed to break above that level and fell sharply. The pair will likely reach the support at 1.0900, and if it breaks out below that level it will continue towards the next support at 1.0800.

 
victoriajensen:
You're right, EUR/USD reached the resistance at 1.0990 - 1.1000, failed to break above that level and fell sharply. The pair will likely reach the support at 1.0900, and if it breaks out below that level it will continue towards the next support at 1.0800.

For now 1.09 is a support. We shall see what will tomorrow bring, but the liquidity is terribly low and the price is highly manipulated now

 

That was some stop loss hunting - pocket money for holidays

 
on my own:
That was some stop loss hunting - pocket money for holidays

The usual

 
searchingFX:
Directionless market continues for EURUSD. There will be no significant change before the new year

Agree, the pair found support at 1.0900 level while remains quiet and low liquidity.

 

No liquidity at all. Barely a couple of small traders in the market now

 
eurofreek:
No liquidity at all. Barely a couple of small traders in the market now

That is the usual when the holidays are like this time. Only next week we shall see some PA

 
searchingFX:
For now 1.09 is a support. We shall see what will tomorrow bring, but the liquidity is terribly low and the price is highly manipulated now

You're right, the pair reached 1.0900 but couldn't break below that support. Range will likely continue, so we can expect a new move to the upside towards 1.0980 again.